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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 40,054 $ 40,177
Accounts receivable (net of allowance for credit losses of $51,657 and $45,610, respectively) 194,269 176,672
Income taxes receivable 4,139 5,419
Notes receivable (net of allowance for credit losses of $5,838 and $5,805, respectively) 75,614 75,501
Prepaid expenses and other current assets 44,123 41,317
Total current assets 358,199 339,086
Property and equipment (net of accumulated depreciation and amortization of $138,896 and $125,903, respectively) 631,609 604,345
Operating lease right-of-use assets 81,858 83,451
Goodwill 220,187 220,187
Intangible assets (net of accumulated amortization of $230,250 and $209,037, respectively) 880,793 884,013
Notes receivable (net of allowance for credit losses of $1,543 and $1,526, respectively) 32,832 32,682
Investments for employee benefit plans, at fair value 44,176 47,603
Investments in affiliates 122,116 117,016
Deferred income taxes 107,712 108,308
Other assets 98,106 93,836
Total assets 2,577,588 2,530,527
Current liabilities    
Accounts payable 121,627 134,865
Accrued expenses and other current liabilities 100,767 136,729
Deferred revenue 115,785 102,114
Liability for guest loyalty program 89,237 89,013
Total current liabilities 427,416 462,721
Long-term debt 1,874,821 1,768,526
Long-term deferred revenue 131,031 132,259
Deferred compensation and retirement plan obligations 49,869 53,316
Operating lease liabilities 112,254 113,255
Liability for guest loyalty program 40,794 40,607
Other liabilities 5,337 5,114
Total liabilities 2,641,522 2,575,798
Commitments and contingencies (Note 12)
Common stock, $0.01 par value; 160,000,000 shares authorized; 95,065,638 shares issued at March 31, 2025 and December 31, 2024; 46,589,011 and 46,856,567 shares outstanding at March 31, 2025 and December 31, 2024, respectively 951 951
Additional paid-in-capital 376,014 370,201
Accumulated other comprehensive loss (6,130) (6,193)
Treasury stock, at cost; 48,476,627 and 48,209,071 shares at March 31, 2025 and December 31, 2024, respectively (2,467,209) (2,411,527)
Retained earnings 2,032,440 2,001,297
Total shareholders’ deficit (63,934) (45,271)
Total liabilities and shareholders’ deficit $ 2,577,588 $ 2,530,527